Monthly Real Estate Monitor Kolkata June 2015 by JLL India

OFFICE..!

Transaction activities improved in the city with increased traction in PBDs. 

In addition, many queries for office space take up continued to remain active in the city.

Major transactions:

Reliance Jio at Salt Lake

Samsung at Rajarhat

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
Park Street	110–135	13,000–20,000
Topsia	70–90	7,500–10,000
Kasba	75–90	8,000–11,000
Salt Lake Sector V	40–45	4,000–4,800
New Town and Rajarhat	32–36	3,200–4,100

RETAIL

Transaction activity remained stable in the city during May.

Upcoming malls at good locations witnessed positive response from the retailers.

Major transactions:

Sketchers at Prime Central

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
Elgin Road	300–350	24,000–28,000
Park Street (high street)	325–375	25,000–31,000
Prince Anwar Shah Road	150–200	15,000–18,000
Salt Lake	185–225	15,000–20,000
New Town and Rajarhat	60–80	6,500–8,000
Gariahat (high street)	200–250	16,000–22,000

RESIDENTIAL

Residential demand in the city was stable. New launches in low and mid segment of housing continued to increase over the month.

New Launches:

Aura by Primarc and Riya at Mankundu

Prelaunch of Flora Fountain near Science City

Key Precincts	Rental Value (INR per sq ft per month)	Capital Value (INR per sq ft)
Park Street	110–135	13,000–20,000
Topsia	70–90	7,500–10,000
Kasba	75–90	8,000–11,000
Salt Lake Sector V	40–45	4,000–4,800
New Town and Rajarhat	32–36	3,200–4,100

Policy/ Infrastructure

To take forward Rajarhat New Town as a smart city,

the Housing Infrastructure Development Corporation (HIDCO)

is planning to set up the country's first underground solid waste collection network in the township.

The system, which is called "Underground Vacuum Systems for Sustainable Waste Handling" has been suggested in the smart city report for New Town that has been prepared by the National Institute of Smart Governance (NISG) for New Town.

About JLL India..!

JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over 6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.

The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13. For further information, please visit www.joneslanglasalle.co.in

For more information about research, contact

Ashutosh Limaye

Head, Research and REIS +91 98211 07054

ashutosh.limaye@ap.jll.com

Sujash Bera

Assistant Manager,

 Research +91 033 3343 6125

 sujash.bera@ap.jll.com

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